Positive or negative tax return

Azbubu

Azbubu

Honorary Master
Joined
Nov 18, 2008
Messages
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Location
Kapkaupunki
I got back from SARS this year, first time ever. Woop woop.

What about you?
 
Getting a nice chunk back this year. Not sure what to do with it actually.
 
I am sure there is something saying if it's under a certain amount they will add it to next years balance.
 
Biggest in the last while I got back was R5k, This year only R1900
 
Lupus said:
I am sure there is something saying if it's under a certain amount they will add it to next years balance.
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AstroTurf said:
Think it only needs to be paid when it hits R25 or R50 or something (it's written there somewhere).
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i heard (note i am not sure) that if the amount you owe or they owe is under R100 they don't pay out or you pay in, it will be carried over
 
what happens if you dont submit ....my forms are not on and i sent it to some family member who is trying to sort them out for me

i have no time to go to sars
 
samr1wp said:
what happens if you dont submit ....my forms are not on and i sent it to some family member who is trying to sort them out for me

i have no time to go to sars
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penalties perhaps?

best is to call Sars, explain the situation and ask for advise.

/stalks
 
samr1wp said:
what happens if you dont submit ....my forms are not on and i sent it to some family member who is trying to sort them out for me

i have no time to go to sars
Click to expand...

Minimum penalty for not submitting is R250 - R300 and remember with the new TAB they can use your bank as an agent to collect money owing from your account.
 
Mbuzi said:
Minimum penalty for not submitting is R250 - R300 and remember with the new TAB they can use your bank as an agent to collect money owing from your account.
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dammit ....but yeah i have to see hopefully this person gets it done or i must go in 2mrw and stand there for the day
 
samr1wp said:
my info is not on there ...i have tried ...but the companies i worked for did not submit or something
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do you have your IRP 5 certificates? if so you can upload the info onto e-filing.
 
got 15k (for the first time ever!) :) thanx to some *work related* tax deductable expenses :)
 
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